GoldMinerPulse Report on Chesapeake Gold Corp.: (NI) 43-101 Metal Valuation Report

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Chesapeake Gold Corp. (CKG)

Company Web Site: www.chesapeakegold.com

This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2010-06-26. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-09-02.

External Links: Yahoo News and Quotes  |  MB  |  StockCharts  |  StockHouse

More External Links: Canadian Insider Trading  |  Silicon Investor

GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-09-02

Project/Deposit CC MVpSh  PP%  MI%  I% GoldSilverZinc
    MetatesMX$857.80088%12%19.80 M oz    528.72 M oz    1.70 M t    
 
GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Sept-02
Metric / MetalGoldSilverZinc
    Metal Totals19.80 M oz    528.72 M oz    1.70 M t    
    Metal Prices in US$ (from 2010-09-02)$1,251.30 per oz    $19.69 per oz    $0.94810 per lb    
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below)
$548.63    $230.58    $78.59    
    Percentage of Total Metal Value63.96%    26.88%    9.16%    
    PP% | MI% | I%0 | 87% | 13%    0 | 88% | 12%    0 | 90% | 10%    
 
GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Sept-02
    Metal Value per Share (MVpSh)   US$857.80
    Average Ore Value per Tonne   US$36.15
    Metal Value Leverage (MVL)    111.02
    Market Capitalization as % of Metal Value   0.9%
    Recent Stock Price   C$8.14   (TSX/TSXV close on 2010-09-02.)
  Conversion rate used: 1 Cnd$ = 0.949244 US$ )
    Fully Diluted Share Count   45.15 M    ( Fully diluted share count taken from the Chesapeake Gold Corp. Share Data web page (viewed February 2010). )
    PP% | MI% | I%   0 | 88% | 12%
Gold Metrics-- all Projects/Deposits
    Average Gold Ore Grade   0.575 g/t
    Market Capitalization
    per oz of Gold In Ground
   $17.62   US$  |   18.57   C$
    Gold Eq Oz Estimate   30.95 M oz   ( 19.80 M oz are in ground)
    Market Capitalization
    per oz of Gold Equilavent
   $11.27   US$  |   11.87   C$
 
See terms for more about GoldMinerPulse metrics.

Additional Notes:

TALAPOOSA PROJECT, LYONCOUNTY, NEVADA    -   March 31, 2010 MD&A

Quote:
On March 4, 2010, Chesapeake signed a letter of intent for the proposed acquisition by Christopher James of Chesapeake’s Talapoosa project. Pursuant to the terms of the letter of intent, Christopher James will acquire all of the issued shares of Chesapeake’s wholly-owned subsidiary, American Gold Capital Corporation (which indirectly holds the Talapoosa property) and La Cecilia from Chesapeake’s Mexican subsidiary, Minerales El Prado S.A. de C.V. Concurrent with the closing of the proposed transaction, the shares of Christopher James, subject to shareholder approval, will be consolidated on a 10:1 basis resulting in 5,524,475 post-consolidation shares (“Shares”) (6,161,975 Shares fully-diluted) being issued to the existing shareholders of Christopher James. If the proposed transaction with Chesapeake is approved, Christopher James will change its name to Gunpoint Exploration Ltd. and issue 18,485,924 post-consolidation shares to Chesapeake, representing approximately 75% of the outstanding shares of Christopher James on a fully diluted basis. The proposed transaction is an arm’s length transaction and will constitute a reverse takeover of Christopher James as defined by the policies of the TSX Venture Exchange.
 

Other Projects    -   Please see Cheasapeake Gold Corp. project page.

  • Tatatila, Veracruz State
  • La Gitana, Oaxaca State
  • El Tecomate Gold-Silver Property, Durango State, Mexico
  • La Cecilia, Chihuahua, Mexico
  • La Salvacion, Sonora, Mexico
  • La Calavera, Oaxaca, Mexico
  • Santo Domingo, Nicaragua
 

GoldMinerPulse Coverage Status:

  • GoldMinerPulse coverage of Chesapeake Gold Corp. is complete pending a final internal review.


Metates    -  ^top^

(NI) 43-101 Report:

Title: METATES GOLD SILVER PROJECT Preliminary Economic Assessment
Date: 2010-06-04 (183 pages)

Project Location: Durango, Mexico  /  Mining Region: Sierra Madra Occidental

Map View: View project on Google Map

Most Optimistic Resource Estimates (MORE):

   •Measured + Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$476.29    17.19 M oz     0.571 g/t     936.14 M t    
   Silver$203.45    466.51 M oz     15.500 g/t     936.14 M t    
   Zinc$71.07    1.54 M t       1,640.000 g/t     936.14 M t    
Estimate notes: See May 2009 News Release Table.
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$72.34    2.61 M oz     0.600 g/t     135.32 M t    
   Silver$27.13    62.21 M oz     14.300 g/t     135.32 M t    
   Zinc$7.52    162.38 K t       1,200.000 g/t     135.32 M t    
Estimate notes: See note for Measured + Indicated.

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